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Asia markets mostly poised to fall despite Wall Street tech rally
Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on Aug. 6, 2024 in Sydney, Australia.
Lisa Maree Williams | Getty Images News | Getty Images
Asia Pacific markets were mostly set to fall Tuesday, breaking ranks from Wall Street, which saw a tech-fuelled rally stateside.
The rally followed Amazon shares rising 4% on a $38 billion deal with OpenAI, a move that will use hundreds of thousands of Nvidia’s graphics processing units. Nvidia also gained about 2% after it secured export licenses to ship its chips to the United Arab Emirates.
Australia’s S&P/ASX 200 started the day down 0.12% as investors awaited the Reserve Bank of Australia’s policy decision.
Futures for Hong Kong’s Hang Seng index pointed to a lower open, at 26,134, compared with the HSI’s last close of 26,158.36.
Japan’s Nikkei 225, however, looked set to rise. Futures traded in Osaka were at 52,485, while their counterparts in Chicago were at 52,580, compared to the Nikkei’s last close at 52,411.34.
Overnight in the U.S., the tech-heavy Nasdaq advanced 0.46%, while the S&P 500 traded up 0.17%. The Dow Jones Industrial Average lagged, falling 0.48%.
— CNBC’s Sean Conlon and Fred Imbert contributed to this report.
